Petroleum prices increased for fifth time in 31 days
Summary
Nepal Oil Corporation has increased diesel, kerosene, and aviation fuel prices for the fifth time in 31 days due to rising global oil prices amid West Asia tensions.
Key Points
- Nepal Oil Corporation raised diesel, kerosene, and aviation fuel prices effective Thursday.
- This marks the fifth petroleum price hike in 31 days due to escalating global oil prices and West Asia conflict.
- Diesel and kerosene prices have increased by Rs 30 per litre; aviation fuel by Rs 5 per litre.
- Despite hikes, Nepal Oil Corporation still incurs losses totaling around Rs 5.75 billion every 15 days.
